Apr 18, 2022
How To Trade Volatile Markets Like A Pro - Ukraine War & More!
In episode 346 of the Desire To Trade Podcast, I am joined by Michael Toma to discuss how to trade markets like a pro when volatility is high. You'll get to see our thought process for entering trades in the Forex market when price moves quickly to start to get choppy & unpredictable.
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Topics Covered In This Episode
- 0:15 Introduction
- 0:55 Should you stay out of Volatile Markets?
- 2:38 How to determine what market you should trade
- 3:57 Should you pay attention to the news when trading?
- 5:50 What type of strategies work better for volatile markets
- 7:23 What is Michael Toma's preferred trading strategy
- 12:20 Should you close trades early in a Prop Firm evaluation?
- 15:07 Should you take prop firm evaluations to learn to trade?
- 18:03 How can you actually have great risk management as a trader
Community questions:
- 23:17 Q: Does Michael trade only Long or Short in volatile markets?
- 27:43 Q: Does Michael Toma Offer training?
- 30:16 Q: How do you remain objective while trading? What is your routine to maintain the mindset? and how much is mindset important for you after method and risk management?
- 34:29 Q: Out of interest's sake. Can you share your average win rate and reward to risk ratio? Its interesting know-how pros compare to me the average trader.
- 38:33 Q: Do you do position trading? What is your take on it?
- 40:07 Q: Do you use the 1min T.F combined with 5m & 15m or do you use Higher T.F's?
- 45:17 Q: You guys are living from trading... but I have fear what will gonna happen if this trading will not work out the same as now.. how to overcome that fear?
- 52:32 Q: What's your opinion on using futures as an indicator for trading individual stocks?
- 53:55 Q: What is the most important thing I need to know before getting into Trading as a career?
- 57:24 Q: Hi Ettien, my question is regarding Bollinger Bands reversal strategy. The markets are trending a lot currently. Have you been finding it hard to find trade opportunities? (Screenshare)
- 1:00:00 Q: I have been trading for about a year and a half now but I still struggle with consistency what can I do to improve my trading?
- 1:03:19 Where to find Michael Toma
- and much more
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Desire To Trade's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
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- Desire To TRADE Academy
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How To Find Michael Toma?
What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!